Siemens Energy not pursuing divestment of Siemens Gamesa for now

By:

Published: May 11, 2022, 07:52 UTC

FRANKFURT (Reuters) - Siemens Energy is not currently looking at divesting its wind turbine division Siemens Gamesa as part of a strategic review, its Chief Executive Christian Bruch told journalists on Wednesday.

Siemens Energy AG starts trading after IPO

FRANKFURT (Reuters) – Siemens Energy is not currently looking at divesting its wind turbine division Siemens Gamesa as part of a strategic review, its Chief Executive Christian Bruch told journalists on Wednesday.

“For me, this is not an option we are actively pursuing at the moment,” he said.

Siemens Energy owns 67% in Siemens Gamesa and has been looking at ways for how to acquire the remaining stake, sources told Reuters in January.

(Reporting by Christoph Steitz, Editing by Louise Heavens)

About the Author

Reuterscontributor

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV. Learn more about Thomson Reuters products: